CBM Asia Development Corp. Closes First Tranche of Private Placement

 CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) closed the first tranche of its non-brokered private placement of 8,600,000 common shares, at a price of $0.10 per share, for gross proceeds of $860,000.

As quoted in the press release:

…announces that further to its news release of August 6, 2013, the Company has completed a first retail tranche of 8,600,000 common shares at a price of $0.10 per share for gross proceeds of $860,000, subject to finder’s fees totaling $36,750.

A second retail tranche is currently being placed with a view to completing same by the first or second week of September, 2013.

Click here to read the CBM Asia Development Corp. (TSXV:TCF,US:CBMDF,FWB:IY2) press release

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